Chrysler Group signs deal for small car with China’s Chery
December 29, 2006 12:29PM by Michael Savio
Tom LaSorda, CEO Chrysler Group has signed a preliminary agreement with China’s Chery Automobile to build a small car the U.S. automaker, according to Automotive News. The two companies have long been rumored to be in talks about a compact car collaboration.
Chrysler spokesman Jason Vines didn’t confirm the brand that would sell the new car, but it is widely expected to be a Dodge branded B-segment vehicle inspired by the Hornet concept (shown). Chrysler says it needs a partner for the car because it cannot profitably produce a small car in the United States. The new car would be sold in the United States, Canada, Mexico, and Europe.
The deal still requires approval from DaimlerChrysler’s supervisory board, which meets in January, as well as the Chinese government.
## Source: Automotive News ##
Posted in: Chrysler, Manufacturing, Business, News, China, Hatchbacks, Chery
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January 3rd, 2007 at 11:00AM
[…] When Chrysler first confirmed that it was seeking a partner to build a small B-segment car for the United States, consensus was that the vehicle would be a production version of the well received Dodge Hornet concept that was unveiled at the 2006 Geneva Motor Show. Following the news of the preliminary agreement between Chrysler and China’s Chery, it looked like the Hornet was a go. […]
February 20th, 2007 at 12:14PM
[…] vehicle, not a car based on a Chery design, due to quality concerns. Back in December, Chrysler and Chery announced plans for Chery to build a new small car in China for worldwide export. Originally, Chrysler was […]